Personal Financial Advisor Salary

Video Transcript

"So, one of the really important things for people who go into this career is that they generally have to go through a process of anywhere from five years, ten years, fifteen years, twenty years; even thirty years in this business to be able to build income. Most people who are financial advisors when they first start out, they can make between about twenty and fifty thousand dollars, working for another advisor; like they could be their assist, and then they learn how the business is done, and how clients want to be treated and what your firm's philosophy is, or what your corporate culture is, and that usually takes anywhere from one to three, and sometimes as long as five years. Usually, when you get to the five year mark, you should be at the fifty to ninety; maybe a hundred thousand dollar mark, depending on how big of a firm you work for. The larger your firm, sometimes the more money there could be made there. When you have your ten year anniversary in your business, I would say if you've done your foundation work, and you've treated your clients right, and you have a referral based business, it would be prudent to say you probably could make a hundred and twenty to two hundred and fifty thousand dollars at the ten year mark, and after that, you know, the good news is the sky is kind of the limit. I have known advisors who make as much as three million dollars a year in their thirty year career, and they have worked very hard to get there, but you can make millions of dollars at this job, if you do the job correctly."